Free Republic

The global economy is at risk of crippling hyperinflation and “extraordinary” conditions that could prompt the worst financial crisis since World War II, according to major hedge fund Elliott Management. Elliott Management, led by famed billionaire investor Paul Singer, warned clients that extreme conditions present in the current economic landscape have “made possible a set of outcomes that would be at or beyond the boundaries of the entire post-WWII period ... The letter also cautioned that economies around the world are “on the path to hyperinflation” — a term referring to uncontrollable acceleration in the cost of daily necessities. While...

Billionaire activist investor Paul Singer is reportedly the latest Wall Street bigwig looking to relocate his hedge fund from New York City for Florida. Singer is taking his $41 billion firm, Elliott Management, to West Palm Beach, according to a report from Bloomberg, which cited people familiar with the matter. While planting a new headquarters in West Palm Beach, Singer will also keep space in Midtown Manhattan and open offices in Greenwich so that all of his employees are not required to relocate, the publication said.

Just about eight months after Barnes & Noble revealed it was exploring a possible sale, the embattled bookseller has settled on a buyer. The mega-chain, which boasts 627 locations across the U.S., announced Friday that the Elliott Management Corp. has agreed to buy Barnes & Noble for about $683 million — a price tag that includes the bookseller's debt, which Elliott will take on as part of the deal. The move marks Elliott's second major splash in the world of books in the span of a year. Last June the New York-based hedge fund acquired Waterstones, which, with more than...

In the tug of war between Argentina and Paul Singer’s Elliott Capital Management, Argentina has scored a goal. A UN court has ordered Ghana to release the military warship that has been detained at Ghanaian shore for more than two months now. The UN International Tribunal for the Law of the Sea, located in Hamburg Germany, ruled that military vessels cannot be impounded in debt disputes. Ghana has been ordered to release the ship unconditionally, the court said, “Argentina should not [pay any] bail, bond or security”.The ARA Libertad has been held at Tema harbor in Ghana since the 2nd...